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Versatile Mixed-Use Property in Van Nuys

14518 Erwin St Los Angeles, CA 91411

14518 Erwin St, Los Angeles, CA, 91411
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LAC2-zoned property suitable for retail, office, industrial, or residential uses.

Property Size5,000 SF
Price / SF$390
AddedFeb 23, 2024
Days on Market873
Last RefreshMay 12 at 8:19 pm

Property Features for 14518 Erwin St

General Information

Standard status
Active
Size
5,000 SF
Property subtype
Industrial, Mixed Use, Retail

Building Details

Year Built
1929

Listing office Peak Commercial

Listing date Feb 23, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Peak Commercial


Investment Insights

Based on property information with market context.

This LAC2-zoned property offers flexibility for an owner-user, with permitted uses including retail, office, industrial, and residential-related operations. The property features refinished floors for a showroom finish. Previously used as a cannabis retail location, the property is currently 100% vacant. It includes 2 secure entrances and a gated back lot providing space for 4 or more parking spaces. Situated steps from the Van Nuys Courthouse and Van Nuys Blvd, the site benefits from a visible and central position in the Van Nuys Civic Center area. Additional conveniences include a public parking lot directly across the street and dual alleyway access, enhancing accessibility and operational efficiency. The property size is 5000 square feet.

Key Highlights

  • High‑visibility location in the Van Nuys Civic Center area, steps from the Van Nuys Courthouse and Van Nuys Blvd.
  • Flexible LAC2 zoning permits retail, office, industrial, and residential‑related uses.
  • 100% vacant, offering immediate owner‑user or investment opportunity.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $184.8k $36.96
− Vacancy −$19.0k −$3.81
EGI $165.8k $33.15
− OpEx −$49.7k −$9.95
NOI $116.0k $23.21
5,000 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.66M
$1.45M – $1.93M (±1% cap)
NOI $116,036 @ 7.0% cap · market cap 5.95%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M (±1% cap)
NOI $101,250 @ 7.0% cap · market cap 5.19%
Theoretical Best
Multifamily LT 5
$101.30M
$88.63M – $118.18M (±1% cap)
NOI $7,090,790 @ 7.0% cap · market cap 363.63%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Bar & Pub Skin Care Clinic Hotel & Motel Pet Store Storage Facility Pet Store & Service Spa & Massage Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - LAC2-zoned property suitable for retail, office, industrial, or residential uses.
Where is this mixed-use property located?
The property is located at 14518 Erwin St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: High‑visibility location in the Van Nuys Civic Center area, steps from the Van Nuys Courthouse and Van Nuys Blvd.; Flexible LAC2 zoning permits retail, office, industrial, and residential‑related uses.; 100% vacant, offering immediate owner‑user or investment opportunity.
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